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LIC IPO on 4th May

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IPO Date : 4 May 2022

Price Band

₹ 902 - 949

Issue size(Net)

20,557 Cr

Face Value

₹ 10/-

Bid Lot

15 Shares

About Life Insurance Corporation Ltd

Founded in 1956, Life Insurance Corporation of India is India's only government owned Insurance company. The company was founded by merging 245 insurance companies, establishing LIC's monopoly in the market until 1990. With over 2000 branches, 113 divisional offices, 1178 mini offices and 1526 Satellite Offices, LIC is India's largest and oldest life insurance company. LIC is the largest insurance company in India with about 28 crore policies in force equalling a sum assured of Rs. 45 lac crores. The annual premium receivable by LIC was Rs. 2 lac crores in the financial year 2018-19. LIC had investments valued at Rs. 30 lac crores as on March 31st, 2019. Govt of India to hold controlling stake - 75% for the first five years and 51% at all times after 5 years

Strengths

  • Substantial network of 1,537,064 individual agents, 342 Corporate Agents, 109 Referral Agents, 114 Brokers and 42 Banks for soliciting life insurance business from the public.
  • Total number of policyholders - 25 crores Six decades of continuous business
    • Holds 69% share in the Life Insurance Space
  • LIC boasts a diversified business portfolio such as - LIC Housing Finance, LIC International Ltd, LIC Pension Fund, LIC Card Services, and LIC Mutual Fund.

Risks

  • Being a PSU, LIC is subject to various restrictions. These restrictions could hurdle the operational and expansion goals of the company.
  • Tight competition from many private companies offering the same services.
  • LIC may have to pare its stake in LIC Housing Finance Ltd as a company cannot be the promoter of two finance companies carrying out the same housing finance business in India.

How to check and update your PAN in your LIC policy

  • Go to https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus
  • Enter your Policy Number, Date Of Birth(dd/mm/yyyy), PAN and captcha in the designated boxes. Thereafter press Submit.
    • After this, you will see the status of your LIC policy and PAN link. If your PAN is not linked, then follow these steps:
  • Either go to LIC’s official website https://licindia.in/ or visit the direct page https://linkpan.licindia.in/UIDSeedingWebApp
  • If you go to the website, on the home page itself select the ‘Online PAN Registration' tab
  • In the Online PAN Registration page, tap the ‘Proceed’ button at the bottom.
  • Thereafter, on the new page, enter date of birth, gender, email id, PAN, full name as per PAN, mobile number, and LIC policy number.
  • Click the declaration checkbox.
  • Enter the captcha into the box.
  • From your registered mobile number, request an OTP.
  • On receiving the OTP, key in the digits into the portal and submit.
  • LICs Branch Level Hierarchy (Branch Manager > Development Officer > Agents)

Company Key Highlights

  • Branches Pan India: 3377
  • Employees: 1.14 Lakh
  • Agents: 12.08 Lakh / 10.80 Lakh Active
  • Policy Holders: 29 Crores
  • Region-wise Branches:
Region Branches
North 1125
South 1069
East 600
West 583
Total 3377

What is an IPO?

Initial Public Offering (IPO) is conveyed as a process of offering shares of any particular private corporation to a public in the form of a new stock insurance. The shift from a private to a public company is considered an important time for private investors to understand the gains from their investment completely. These offerings traditionally include premiums of shares for current private investors. Alongside, the participation of public investors is also allowed in the offering. A company planning an IPO would choose an exchange in which shares are issued and traded publicly where they typically select an underwriter or underwriters.

Why invest in IPO?

Opportunity to buy stock at the lowest possible price

Probability of making profits on listing is high

Get retail discount of around 10% on some IPOs

You get the opportunity to be a part of the growth story of the issuing company

Top 5 Performing IPOs (Listing Price)

Equity
Issue price (₹)
Listed Date
Listing Price (₹)
Listing Gains (%ge)
Burger King
60
14th Dec
115
92%
MTAR Technologies
575
15th Mar
1063
85%
Nazara Technologies
1101
30th Mar
1,971
79%
Indigo Paints
1490
2nd Feb
2607
75%
Bectors Food
288
24th Dec
501
74%

Top 5 Performing IPOs

Burger King :-
Issue price (₹)
60
Listed Date
14th Dec
Listing Price (₹)
115
Listing Gains (%ge)
92%
MTAR Technologies :-
Issue price (₹)
575
Listed Date
15th Mar
Listing Price (₹)
1063
Listing Gains (%ge)
85%
Nazara Technologies :-
Issue price (₹)
1101
Listed Date
30th Mar
Listing Price (₹)
1,971
Listing Gains (%ge)
79%
Indigo Paints :-
Issue price (₹)
1490
Listed Date
2nd Feb
Listing Price (₹)
2607
Listing Gains (%ge)
75%
Bectors Food :-
Issue price (₹)
288
Listed Date
24th Dec
Listing Price (₹)
501
Listing Gains (%ge)
74%

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